Kylian Mbappe Joins Real Madrid: Official Transfer on July 1

Kylian Mbappe has signed a contract to join Real Madrid on a free transfer when his Paris Saint-Germain contract expires on June 30. The French striker verbally agreed to the move in February and announced in May his intention to leave PSG at the end of the season. Now, he has finalized terms with Real Madrid and will officially transfer to the Spanish club when the La Liga transfer window opens on July 1. Real Madrid plans to announce the deal next week and may present Kylian Mbappe at the Bernabeu before Euro 2024.

Mbappe, a 2018 World Cup winner and PSG’s all-time leading scorer with 256 goals since joining from Monaco on an initial loan in 2017 agreed to a deal with Real Madrid until 2029. He will earn 15 million euros (£12.8 million) annually, plus a 150 million euro (£128 million) signing bonus paid over five years and will retain a portion of his image rights. Mbappe will have the opportunity to play alongside Luka Modric as the Croatian midfielder plans to sign a one-year contract extension with Real Madrid.

Modric, 38, came on as a substitute during Madrid’s 2-0 victory against Borussia Dortmund at Wembley, securing their 15th European Cup title on Saturday. Modric’s current contract expires later this month but he expects to extend it for another year. Meanwhile, German midfielder Toni Kroos, 34, made way for Modric with four minutes remaining in what was his final appearance for the club after a decade. Real Madrid will celebrate their record-breaking achievement with a trophy parade through the Spanish capital on Sunday night.